Neptune Advanced Forex Scalping Strategy

August 3, 2016

651

Neptune Advanced

This strategy is for trending market. You can use candlestick for this system with 1min, 5mins, or 15mins or 30mins timeframe. Currency pairs to be used are major pairs.

Forex Indicators:

EMA period 4 (yellow)
Bollinger band period 14 (magenta)
Momentum period 14
Chaos Awesome Oscillator (CAO)
StochasticRSI (14, 16)

Rule to consider upon trading this system;

For LONG entry:

4 EMA must cross the middle band of the Bollinger which is the 14 EMA. The crossing must be approaching upward the middle band.
CAO and momentum must be approaching to the zero line going up.
StochasticRSI must be pointing upward and cross 50.

For SHORT entry:

4 EMA must cross the middle band of the Bollinger which is the 14 EMA. The crossing must be approaching downward the middle band.
CAO and momentum must be approaching to the zero line going down.
StochasticRSI must be pointing downward and cross 50.

To exit the position, wait for the stochasticRSI to cross their middle line (RSI=50, Momentum=100). Use also the CAO for making exit decision, wait for the CAO to change its color. Stop loss depends on what timeframe the traders are using.

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